Vert Asset Management LLC Has $4.98 Million Holdings in Host Hotels & Resorts, Inc. (NASDAQ:HST)

Vert Asset Management LLC increased its position in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) by 0.9% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 282,768 shares of the company’s stock after buying an additional 2,418 shares during the period. Host Hotels & Resorts accounts for 1.7% of Vert Asset Management LLC’s holdings, making the stock its 21st biggest holding. Vert Asset Management LLC’s holdings in Host Hotels & Resorts were worth $4,977,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Bessemer Group Inc. grew its position in shares of Host Hotels & Resorts by 645.5% during the 1st quarter. Bessemer Group Inc. now owns 64,416 shares of the company’s stock worth $1,331,000 after buying an additional 55,775 shares during the period. CANADA LIFE ASSURANCE Co grew its holdings in Host Hotels & Resorts by 4.7% in the first quarter. CANADA LIFE ASSURANCE Co now owns 1,888,031 shares of the company’s stock worth $39,037,000 after purchasing an additional 84,687 shares during the period. Mitsubishi UFJ Trust & Banking Corp increased its stake in Host Hotels & Resorts by 9.4% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 644,866 shares of the company’s stock valued at $13,344,000 after purchasing an additional 55,654 shares in the last quarter. BNP Paribas Financial Markets increased its stake in Host Hotels & Resorts by 11.3% in the first quarter. BNP Paribas Financial Markets now owns 1,466,275 shares of the company’s stock valued at $30,323,000 after purchasing an additional 149,057 shares in the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its holdings in shares of Host Hotels & Resorts by 23.9% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 204,246 shares of the company’s stock valued at $4,224,000 after purchasing an additional 39,340 shares during the period. Institutional investors and hedge funds own 98.52% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on HST. Stifel Nicolaus reduced their target price on Host Hotels & Resorts from $22.00 to $21.00 and set a “buy” rating for the company in a research note on Thursday, August 1st. Truist Financial lowered their price objective on Host Hotels & Resorts from $23.00 to $20.00 and set a “hold” rating for the company in a research note on Wednesday, September 4th. Oppenheimer cut their target price on Host Hotels & Resorts from $24.00 to $22.00 and set an “outperform” rating on the stock in a research report on Monday, August 12th. Robert W. Baird lowered their price target on Host Hotels & Resorts from $21.00 to $19.00 and set a “neutral” rating for the company in a research report on Monday, August 5th. Finally, Evercore ISI dropped their price objective on Host Hotels & Resorts from $23.00 to $21.00 and set an “outperform” rating on the stock in a research note on Tuesday, August 13th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, Host Hotels & Resorts currently has a consensus rating of “Moderate Buy” and a consensus price target of $21.27.

Host Hotels & Resorts Price Performance

Shares of NASDAQ HST opened at $17.77 on Friday. The stock has a fifty day moving average of $17.43 and a 200-day moving average of $17.98. The stock has a market cap of $12.53 billion, a PE ratio of 17.42, a price-to-earnings-growth ratio of 1.56 and a beta of 1.32. The company has a debt-to-equity ratio of 0.64, a quick ratio of 4.55 and a current ratio of 4.55. Host Hotels & Resorts, Inc. has a fifty-two week low of $14.92 and a fifty-two week high of $21.31.

Host Hotels & Resorts Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.50%. The ex-dividend date was Monday, September 30th. Host Hotels & Resorts’s payout ratio is 78.43%.

Host Hotels & Resorts Company Profile

Host Hotels & Resorts, Inc is an S&P 500 company and is the largest lodging real estate investment trust and one of the largest owners of luxury and upper-upscale hotels. The Company currently owns 72 properties in the United States and five properties internationally totaling approximately 42,000 rooms.